Baltimore Washington Financial Advisors Inc. Buys New Holdings in The Boeing Company $BA

Baltimore Washington Financial Advisors Inc. purchased a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,106 shares of the aircraft producer’s stock, valued at approximately $232,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in Boeing during the 4th quarter valued at $201,000. Assetmark Inc. grew its holdings in shares of Boeing by 20.3% during the first quarter. Assetmark Inc. now owns 2,446 shares of the aircraft producer’s stock valued at $417,000 after buying an additional 412 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Boeing by 17.7% during the first quarter. Mackenzie Financial Corp now owns 69,088 shares of the aircraft producer’s stock worth $11,783,000 after acquiring an additional 10,387 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Boeing by 1.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 11,857 shares of the aircraft producer’s stock worth $2,022,000 after acquiring an additional 165 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in Boeing by 3.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 9,656 shares of the aircraft producer’s stock valued at $1,647,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of Boeing stock opened at $186.90 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a market cap of $142.06 billion, a PE ratio of -13.66 and a beta of 1.44. The stock has a fifty day moving average price of $206.96 and a 200-day moving average price of $214.53.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($10.44) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on BA shares. Susquehanna decreased their price objective on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. BNP Paribas set a $150.00 price target on Boeing in a report on Tuesday, November 18th. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $232.09.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.